Nerdit Foundation
- Assets
- $158.5k
- Revenue
- $713.2k
- Investments
- $0.0
- Employees
- 0
- Location
- Wilmington, DE
- Founding
- 02/2019
- Data as of
- 11/2021
- EIN
- 83-2957814
Organization Overview
Nerdit Foundation is located in Wilmington, DE. The organization was established in 2019. According to its NTEE Classification (S02) the organization is classified as: Management & Technical Assistance, under the broad grouping of Community Improvement & Capacity Building and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Nerdit Foundation is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 11/2021, Nerdit Foundation generated $713.2k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 55.4% each year . All expenses for the organization totaled $645.6k during the year ending 11/2021. You can explore the organizations financials more deeply in the financial statements section below.
Since 2021, Nerdit Foundation has awarded 17 individual grants totaling $240,585. If you would like to learn more about the grant giving history of this organization, scroll down to the grant profile section of this page.
Form
990
Mission & Program ActivityExcerpts From the 990 Filing
TAX YEAR
2021
Describe the Organization's Mission:
Part 3 - Line 1
THE MISSION OF NERDIT FOUNDATION IS TO END THE TECHNOLOGICAL DIVIDE. THE FOUNDATION BELIEVES THAT EVERYONE SHOULD HAVE THE ACCESS TO TECHNOLOGY AND TO BE AFFORDED THE OPPORTUNITY TO LEARN HOW TECHNOLOGY MAKE AN IMPACT.
Describe the Organization's Program Activity:
Part 3 - Line 4a
THE FOUNDATION MAKES COMPUTERS AND OTHER DEVICES AVAILABLE TO THE PUBLIC WHO OTHERWISE WOULD NOT HAVE ACCESS TO THEM. IN ADDITION TO DONATING EQUIPMENT, THE FOUNDATION HAS MENTOR AND EDUCATIONAL PROGRAMS AVAILABLE TO YOUTH AND ADULTS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Sarah Fulton Board Chair | OfficerTrustee | 5 | $0 |
Tyler Reynolds Board Vice Chair | OfficerTrustee | 5 | $0 |
Jabari Jones Board Treasurer | OfficerTrustee | 5 | $0 |
Alex Parkowski Board Secretary | OfficerTrustee | 5 | $0 |
Markevis Gideon Executive Director | Officer | 10 | $0 |
Jonathan Hoxter Board Member | Trustee | 2 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Federated campaigns | $9,000 |
| Membership dues | $0 |
| Fundraising events | $0 |
| Related organizations | $0 |
| Government grants | $0 |
| All other contributions, gifts, grants, and similar amounts not included above | $704,142 |
| Noncash contributions included in lines 1a–1f | $0 |
| Total Revenue from Contributions, Gifts, Grants & Similar | $713,142 |
| Total Program Service Revenue | $0 |
| Investment income | $41 |
| Tax Exempt Bond Proceeds | $0 |
| Royalties | $0 |
| Net Rental Income | $0 |
| Net Gain/Loss on Asset Sales | $0 |
| Net Income from Fundraising Events | $0 |
| Net Income from Gaming Activities | $0 |
| Net Income from Sales of Inventory | $0 |
| Miscellaneous Revenue | $0 |
| Total Revenue | $713,183 |
| Statement of Expenses | |
|---|---|
| Grants and other assistance to domestic organizations and domestic governments. | $327,720 |
| Grants and other assistance to domestic individuals. | $57,416 |
| Grants and other assistance to Foreign Orgs/Individuals | $0 |
| Benefits paid to or for members | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation of current officers, directors, key employees. | $0 |
| Compensation to disqualified persons | $0 |
| Other salaries and wages | $0 |
| Pension plan accruals and contributions | $0 |
| Other employee benefits | $0 |
| Payroll taxes | $0 |
| Fees for services: Management | $0 |
| Fees for services: Legal | $0 |
| Fees for services: Accounting | $2,506 |
| Fees for services: Lobbying | $0 |
| Fees for services: Fundraising | $4,331 |
| Fees for services: Investment Management | $0 |
| Fees for services: Other | $165,626 |
| Advertising and promotion | $162 |
| Office expenses | $4,535 |
| Information technology | $20,050 |
| Royalties | $0 |
| Occupancy | $25,012 |
| Travel | $0 |
| Payments of travel or entertainment expenses for any federal, state, or local public officials | $0 |
| Conferences, conventions, and meetings | $3,091 |
| Interest | $0 |
| Payments to affiliates | $0 |
| Depreciation, depletion, and amortization | $0 |
| Insurance | $0 |
| All other expenses | $0 |
| Total functional expenses | $645,553 |
| Balance Sheet | |
|---|---|
| Cash—non-interest-bearing | $75,630 |
| Savings and temporary cash investments | $31,232 |
| Pledges and grants receivable | $0 |
| Accounts receivable, net | $0 |
| Loans from Officers, Directors, or Controlling Persons | $0 |
| Loans from Disqualified Persons | $0 |
| Notes and loans receivable | $0 |
| Inventories for sale or use | $51,625 |
| Prepaid expenses and deferred charges | $0 |
| Net Land, buildings, and equipment | $0 |
| Investments—publicly traded securities | $0 |
| Investments—other securities | $0 |
| Investments—program-related | $0 |
| Intangible assets | $0 |
| Other assets | $0 |
| Total assets | $158,487 |
| Accounts payable and accrued expenses | $0 |
| Grants payable | $0 |
| Deferred revenue | $0 |
| Tax-exempt bond liabilities | $0 |
| Escrow or custodial account liability | $0 |
| Loans and other payables to any current Officer, Director, or Controlling Person | $0 |
| Secured mortgages and notes payable | $0 |
| Unsecured mortgages and notes payable | $0 |
| Other liabilities | $0 |
| Total liabilities | $0 |
| Net assets without donor restrictions | $158,487 |
| Net assets with donor restrictions | $0 |
| Capital stock or trust principal, or current funds | $0 |
| Paid-in or capital surplus, or land, building, or equipment fund | $0 |
| Retained earnings, endowment, accumulated income, or other funds | $0 |
| Total liabilities and net assets/fund balances | $158,487 |
Grants Awarded
Over the last fiscal year, Nerdit Foundation has awarded $240,585 in support to 17 organizations.
| Grant Recipient | Amount |
|---|---|
REACH RIVERSIDE PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $85,000 |
Bear, DE PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $15,675 |
CHOSEN TO LOVE PERSONAL CARE ASSISTANCE PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $12,870 |
BOYS AND GIRLS CLUBS OF HARRISBURG PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $12,375 |
MINDS MATTER PHILADELPHIA PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $12,210 |
THE BANCROFT SCHOOL PURPOSE: COMPUTER EQUIPMENT FOR THOSE IN NEED | $11,880 |
Grants Recieved
Over the last fiscal year, we have identified 2 grants that Nerdit Foundation has recieved totaling $110,000.
| Awarding Organization | Amount |
|---|---|
Independence Public Media Of Philadelphia Inc Philadelphia, PA PURPOSE: TO INSTALL NERDIT KIOSKS IN COMMUNITY CENTERS IN PHILADELPHIA WHICH WILL PROVIDE: AFFORDABLE DEVICE REPAIR AND TECH SUPPORT VIA PHONE/VIDEO TO INDIVIDUALS LIVING IN COMMUNITIES WITH LESS TECH ACCESS; DONATIONS OF 100 COMPUTERS PER YEAR FOR EACH KIOSK TO INDIVIDUALS AND FAMILIES WHO NEED THEM; AND A PLACE TO EASILY RECYCLE OLD TECH HELPING THE COMMUNITY AND CITY MOVE TOWARD ZERO E-WASTE. THIS GRANT WILL ALSO SUPPORT A PHILADELPHIA-BASED NERDIT CARES WORKFORCE APPRENTICESHIP TO DEVELOP THE CERTIFICATIONS, SKILLS, AND EXPERIENCE FOR 10 PARTICIPANTS THAT WILL PREPARE THEM FOR WELL-PAYING TECH CAREERS. | $75,000 |
Laffey-Mchugh Foundation Wilmington, DE PURPOSE: GENERAL OPERATING SUPPORT | $35,000 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
New Jersey Manufacturing Extension Program Inc Cedar Knolls, NJ | $4,230,314 | $10,190,309 |
Transcom Inc Jersey City, NJ | $11,032,327 | $10,545,984 |
Lutheran Social Ministries Of Maryland Inc Westminster, MD | $1,453,479 | $5,224,632 |
Service Coordination Resources Inc Erie, PA | $0 | $3,464,640 |
Building Owners & Managers Institute International Inc Annapolis, MD | $3,199,571 | $3,769,079 |
Wireless Neighborhoods Pittsburgh, PA | $1,102,731 | $1,341,475 |
Innovative Manufacturers Center Inc Williamsport, PA | $2,231,135 | $1,571,341 |
National Classification Management Society Wayne, PA | $1,638,415 | $1,460,567 |
Nerdit Foundation Wilmington, DE | $158,487 | $713,183 |
Womens Center For Entrepreneurship Corp Chatham, NJ | $350,629 | $748,658 |
Steel Deck Institute Glenshaw, PA | $1,659,239 | $678,183 |
National Association Of Personnel Consultants Uniontown, PA | $321,459 | $287,719 |